Fannie Mae-No Politics (FNMA)

[Clark6290]

Thanks Bud. I noticed you forgot to underline in red the portion on the Jr. Preferred share, man even the FNMAT I hold. Appears that Glen has hit the proverbial nail on the head!

I am confused with the usage of IPO, this is essentially a secondary offering. Dilution to the max for commons; wow, my FMCC shares may still only be at the penny stock level, hope I can at least break even on my sub $1 "cheapies."